Operating Your Private Charitable Foundation

Private charitable foundations are formed in order to obtain tax exempt status for the foundation as well as the tax deductability of donations from donors to the foundation.Your charitable deduction and other benefits from your private charitable foundation are dependent upon proper operation of that entity within the rules contained in the Internal Revenue Code, Treasury Regulations, Revenue Rulings and Connecticut state law. After establishing your private charitable foundation, you need a tax lawyer who is experienced in the operation of those organizations to protect your tax deductions, the tax exempt status of the foundation and the intended charitable beneficiaries of your foundation. Attorney Rubino is experienced in the ongoing operations of private charitable foundations and can guide the operation your foundation within the guidelines of Connecticut state law and federal tax law.